Women In Business – 2022 Trends
The number of female business owners is growing rapidly, with the expectation that nearly 30% of businesses will be owned by women by 2022. In fact, in 2017, there were an estimated 9.9 million businesses owned by women, a 19% increase from the previous year! This growth means we are on track to reach 30% ownership among women-owned firms in just six years.
According to a recent report released by the International Monetary Fund (IMF), women are expected to make up almost half of the global workforce by 2022. This staggering statistic is indicative of a business world where gender equality is slowly becoming the norm rather than an exception. In this article, we are discussing the role of women in business!
What is the Role of Women in Business:
Women have been making their mark in the business world for a long time. It is true that they are still not as prominent as men, but they are no longer a rarity. The world of business has come to realize that women can be as successful as men. Women have made their mark in business, and there is no going back.
The number of women who are in business is increasing every year. This has been made possible by the fact that more and more women are now joining the workforce. The roles of women in business have also changed over time. In the past, women were seen as secretaries and office assistants. Today, women are the bosses of large corporations.
Risks women face in Business:
-The Glass Ceiling: This is the barrier that prevents women from rising to the top of organizations. This is when women are not promoted to the highest levels of management. Women have been historically excluded from positions of power and authority in the business world. In fact, the term “glass ceiling” was coined to describe the invisible barrier that prevents women from advancing into top management positions. Women are less likely than men to be promoted to top management positions and are less likely to be paid as much as their male counterparts. Women face a double bind in the business world: they are expected to be competent, assertive, and confident while at the same time being warm, nurturing, and supportive.
-Double Standard: This is when a woman’s behavior is judged more harshly than a man’s behavior. This is because of the double standard that women are expected to be both nurturing and hard-working.
-The Mommy Track: This is when women are not given the same opportunities as men. The Mommy Track is a term used to describe the path women take in their careers after having children. This track usually leads to fewer promotions and lower salaries than men with similar experience. This happens because of the time women take off from work to have children and the lack of support for women who return to work after having children.
-Stereotypes: These are generalizations about a group of people. Stereotypes are beliefs about a group of people that are not true. These can be about men or women and can be negative or positive. For example, the stereotype that women are bad at math is a negative stereotype. Stereotypes can lead to prejudice, which is an attitude that a person has about a group of people.
-Gender Bias: This is when a person is treated differently because of their gender. Gender bias is a preference for one gender over another. This happens in the workplace when employers prefer men over women or vice versa.
-Sexual Harassment: Sexual harassment is a form of sex discrimination that violates Title VII of the Civil Rights Act of 1964. It is also illegal under Title IX, a federal law that prohibits sex discrimination in education programs and activities. Sexual harassment includes unwelcome sexual advances, requests, and gestures that women may face in workplaces.
-The Queen Bee Syndrome: This is when a woman feels she has to act like a man in order to be successful. A woman who is successful in her career and also takes care of her family at home. She is often considered to be the bossy one and can’t let go of the power she has over others. Women are still underrepresented in business. The number of women in the boardrooms is still very low. In 2014, women held only 16.6% of all executive officer positions and 17.3% of all board seats at Fortune 500 companies. Women also made up only 6.4% of Fortune 500 CEOs.
-The Wage Gap: This is when women make less money than men for doing the same job. Women earn only 77 cents for every dollar earned by men. This is true even when the women have the same level of education and experience as their male counterparts. The wage gap exists across all occupations and even within occupations. Women of color face an even greater wage gap than white women.
Women are more likely to work in low-wage jobs. Women are twice as likely to work in minimum wage jobs than men.
Conclusion:
Women are often perceived as less competent than men, and they are not taken seriously. They are seen as bossy, too emotional or irrational, and overly sensitive. Women are often not considered for promotion because they are not seen as having the leadership qualities needed to lead. In this article, we discussed the role of women in business and also the challenges that they face in the workplace!
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